Reports indicate that Indian textile exports fell more than 14% in the first quarter year-on-year following a sharp increase in the value of the rupee against the dollar. Textile exports were worth just over $4 billion for the quarter. There are now fears that the sector will not reach the $25 billion government target for the year.

Exports for the 2006-07 period fell 5% short of the $19.7 billion target, totalling $18.7 billion.

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